During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30. June 3Purchased goods for $4,100 from Diamond Incorporated with terms 2/10, n/30.June 5Returned goods costing $1,100 to Diamond Incorporated for credit on account.June 6Purchased goods from Club Corporation for $1,000 with terms 2/10, n/30.June 11Paid the balance owed to Diamond Incorporated.June 22Paid Club Corporation in full..